WHEREAS, the Metropolitan
Development and Housing Agency desires to redevelop the area around Jefferson
Street from Interstate 40 west to Tennessee State University; and

WHEREAS, the Metropolitan
Development and Housing Agency has completed studies and prepared a plan for
redevelopment entitled "Jefferson Street Redevelopment Plan," (herein
referred to as the "Plan") consisting of a text, Redevelopment Plan
(R.P.) Maps 1, 2 and 3, and Exhibit "A" attached thereto, all dated
August 9, 2005, which have been filed with and referred to the Metropolitan
Council of Nashville and Davidson County, Tennessee (herein referred to as the
"Governing Body,") for review and approval; and

WHEREAS, the Metropolitan
Development and Housing Agency has examined the area proposed for inclusion
in the redevelopment project and determined that it is a blighted area with
vacant underutilized land, buildings or improvements which, by reason of dilapidation,
obsolescence, overcrowding, faulty arrangement or design, lack of ventilation,
light and sanitary facilities, excessive land coverage, deleterious land use,
or obsolete layout, or any combination of these or other factors are detrimental
to the safety, health, morals or welfare of the community and that such conditions
should be eliminated in the public interest and the members of this Governing
Body have been duly apprised and are aware of these conditions; and

WHEREAS, the project
is located in Metropolitan Nashville and Davidson County, Tennessee and is to
be undertaken by the Metropolitan Development and Housing Agency in accordance
with and in furtherance of the objectives of Article I, Section 8 and 21 and
Article II, Section 28 of the Constitution of Tennessee: 'The Housing Authorities
Law,' Chapters 20 and 45, Public Acts of Tennessee of 1935 (1st Extraordinary
Session), as amended; Chapter 114 of Public Acts of Tennessee of 1945, as amended;
Chapter 181 of Public Acts of Tennessee of 1955 (said statutes now codified
in Tennessee Code Annotated Sections 13-20-201 through 13-20-209); and

WHEREAS, the Metropolitan
Development and Housing Agency desires to utilize the tax increment funding
provision pursuant to Tennessee Code Annotated 13-20-205 in furtherance of its
projects; and

WHEREAS, the Plan
for the area prescribes certain land uses and controls and provides for the
acquisition by negotiation or otherwise of certain properties for public use
or for resale to a redeveloper or redevelopers; and

WHEREAS, the members
of the Governing Body have carefully considered and reviewed the proposal for
redevelopment, including the relocation of businesses that may be displaced;
and

WHEREAS, in order
to implement the Plan, the Governing Body must approve and authorize certain
actions;

NOW, THEREFORE,
BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND
DAVIDSON COUNTY, TENESSEE:

Section 1. That
it is hereby found and determined that the redevelopment area defined by the
Plan entitled "Jefferson Street Redevelopment Plan," dated August
9,2005, is a blighted area as defined in and in accordance with Tennessee Code
Annotated Sections 13-20-201 through 13-20-209; that conditions existing therein
are detrimental to the safety, health, morals or welfare of the people of Nashville
and Davidson County, that said area or such portions thereof as deemed necessary
for acquisition by the Metropolitan Development and Housing Agency by negotiation
or otherwise, as provided by Tennessee Code Annotated 13-20-104 and 13-20-202,
and so designated pursuant to the Plan, or any amendment or amendments thereto,
should be so acquired by the Metropolitan Development and Housing Agency; and
that such blighted conditions should be eliminated.

Section 2. That
the Plan entitled "Jefferson Street Redevelopment Plan," consisting
of a text, Redevelopment Plan ( R.P.) Maps 1, 2 and 3, and Exhibit "A"
attached thereto, all dated August 9, 2005, as filed with the Metropolitan Clerk,
is hereby in all respects approved.

Section 3. That
it is hereby found and determined that the Plan for the project area conforms
to the General Plan for Nashville.

Section 4. That
the use of tax increment funding pursuant to Tennessee Code Annotated 13-20-205,
is hereby approved for undertaking activities specified in the Plan.

Section 5. That
it is hereby found and determined that, in addition to the elimination of blight
from the project area, the undertaking of the project in such area will further
promote the public welfare and proper development of the community.

Section 6. That
it is hereby found and determined that the Plan for the project area will afford
maximum opportunity, consistent with sound needs of the locality as a whole,
for the redevelopment of the area by private enterprise.

Section 7. That
the Metropolitan Clerk is directed to file this Ordinance together with the
Plan referred to herein as a part of the minutes of this meeting.

Section 8. That
this Ordinance shall take effect from and after its adoption, the welfare of
the Metropolitan Government of Nashville and Davidson County requiring it.

I move to amend
Ordinance No. BL2005-797 by amending Section 1 by adding after the phrase "should
be eliminated", the phrase "; provided that no such area or portions
thereof shall be acquired by eminent domain unless and until such acquisition
is approved by resolution of the Metropolitan Council receiving twenty-one (21)
affirmative votes."

Sponsored by: Ludye
Wallace, Edward Whitmore

AMENDMENT
NO. 2
TO
ORDINANCE NO. BL2005-797

Mr. President:

I move to amend
Ordinance No. BL2005-797 by repealing Amendment No. 1 that was previously adopted.